Would you Invest in a 55+ Community?

[James Campbell]

While looking for properties around West Palm Beach, Florida I'm finding that some of the best deals are in 55+ communities. At first I ignored these listings thinking I'm not 55 so I can't buy them, but then I looked into it and I believe most of these communities just require the person living there to be 55+. So would you consider investing in a 55+ community or does anyone have any experience doing this? A few of my initial thoughts are:

1. Probably less wear and tear on properties.

2. Higher risk of injuries on property.

2. Limited tenant pool.

3. Lots of retirees in FL so possibly more possibly tenants.

Any insight and feedback is appreciated. Thanks!

[Brian Garrett]

I'm local here and I stay away from 55+ communities due to their restrictions and limited tenant pool.

You'll see a lot of 55+ properties that look like "deals" because most local investors stay away from these.